Which of the Following Are Incorrect

question 98

Multiple Choice

Which of the following are incorrect?

• A) On completion of a trade each stock broker will send a contract note to the buyer and settle.
• B) Overlapping bids and offers for shares are executed at each price level in the order they are recorded in the system.
• C) ASX Trade provides a fair, efficient trading system, developing latency down to the 1 second.
• D) Shares listed on the ASX are known as uncertified securities.

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Definitions:

Present Discounted Value

The value of a stream of future payments discounted at an interest rate.

Expected Profits

Anticipated earnings calculated based on projected revenues, costs, and market conditions.

Interest Rate

The percentage of an amount of money charged for its use over a specified period, often annually, by lenders to borrowers.

Shareholder

An individual or entity that owns one or more shares of stock in a publicly-traded company, making them partial owners.